Delivery firm City Link sold for £1

AOL Money Staff

Updated 14 July 2016 at 9:52 pm

Parcel delivery firm City Link has been sold for £1 after its owner called time on five years of substantial losses.

Pest control and washrooms company Rentokil Initial has offloaded the division to restructuring specialist Better Capital, even though it believes the business has now turned the corner.%VIRTUAL-SkimlinksPromo%

Let us send you our newsletter.

Our editors will email you a roundup of their favourite stories from across AOL

Follow Follow

Delivery firm City Link sold for £1

Read More

Jill Scott: Young people are navigating complex challenges now more than ever

Artists facing ‘cost-of-touring crisis’, warn MPs in call for more support

Eurovision’s Bambie Thug cried after finding out Israel had made it to final

This Morning to offer TV tribute to presenter Sam Rubin following death age 64

Delay-hit Co-op Live arena finally set to open with Elbow gig after inspection

‘Whole country rooting’ for Bambie Thug, Irish premier says